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Monday, August 8, 2011

Did Soros make $1 billion on the downgrade?

  Always there when bad news arrives, George Soros is being fingered at the Daily Mail:

A mystery investor or hedge fund reportedly made a bet of almost $1billion at odds of 10/1 last month that the U.S. would lose its AAA credit rating.Now questions are being asked of whether the trader had inside information before placing the $850million bet in the futures market.
  Of course, the administration was warned on July 14 this was coming, so it's not quite a surprise.
  The article points out that Soros has been "tied" to the Obama administration but let's not stop there.
  Soros is said to have broken "the bank of England," as well as plotting the demise of the euro.
  Others claim this about Soros:
s we shall see, what Soros means by "open," is a society that allows him and his financial predator friends to loot the resources and precious assets of former Warsaw Pact economies. By bringing people like Jeffrey Sachs or Sweden's Anders Aslund and their economic shock therapy into these economies, Soros lays the groundwork for buying up the assets of whole regions of the world at dirt-cheap prices.
  In fact, Fox's Stuart Varney says this about Soros:
Tell that to the Thais who were left in misery after he [Soros] made hundreds of millions in dollars in profits on them . That set off the ‘Asian Contagion’ currency crisis of 1997. Soros bet against Thailand, they lost their shirts and they live in misery to this day and he made hundreds of millions. Where is the public interest?”
“It was not in their [Thais'] interest,” Varney reminded.
Varney then blasted, “I do not like billionaire socialists who hate America and try to make money out of our ruin.  
  Would anyone be surprised if the "mystery investor" is George Soros? 

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